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This bill will allow eligible government individuals so you’re able to re-finance its government finance when rates of interest is less

This bill will allow eligible government individuals so you’re able to re-finance its government finance when rates of interest is less

Sponsor: Rep. Van Duyne [R-TX]
Cosponsors: 0
Introduced:
NASFAA Summation & Analysis: This bill would now include PLUS loans made to graduate students and parents in the calculation for an institution’s Cohort Default Rate (CDR) so that any default in these loans is now included in the calculation.

H.Roentgen.5084 – Education loan Refinancing Act

Sponsor: Rep. Turner [R-OH]
Cosponsors: 1 (1D; 0R)
Introduced:
NASFAA Realization & Analysis: After completing an application for refinancing for an eligible federal student loan, the borrower would be able to refinance their loan’s interest rate to the interest rate for current new borrowers at the same time of the application.